Experts believe that praise and recognition are essential for employee's moral at work place. Every employee feels the need to be recognized as an employee for their work or a member of the group for the work done or achieved or for a sincere effort. A well organized rewards and recognition program has the capability to create impact on many aspects of business from morale, productivity, engagement and retention. Employee's recognition has changed its face in recent trends.
Initially many companies applied the concept "One-Size-Fits-all", which used by many employers on the basis of degree of accomplishment, years of service and others. Here every employee used to get the same token of gratitude. Here are few lists ofemployee recognitionplans that have introduced on recent times with the changing trends.
Employee of the quarter: This is the most popular employee recognition method to select the top performers. The awards will be given on the basis of their extraordinary achievement in handling any assignment, achieving maximum sales or going out of the way to do any work etc. in a particular quarter.
Making one feel special: Many companies used to offer rewards to high performers with cash or merchandise etc. But this method doesn't remain for long. Here you need to present a gift that that continues to attract the employee and benefits in long run.
Flexible working option: Work-life balance is most popular topic for discussion as many more companies are offering work from home option to their employees. Now companies are offering paid vacations to their employees to help them with childcare, flexible working arrangements.
Social recognition: Social recognition plays key role in motivating employees. It can be include giving good parking space like highlighting them in their company's newsletter, mentioning their achievements in team meetings may build the confidence and gain the confidence of an employee.
Long term service recognition: These awards are mainly intended for the employees who have served tenure of 5, 10, 15 or 20 years at the organization. Celebrating long term tenure may be a motivating factor for the employee to stay on at the organization.
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